USDT vs USDC: Comparing the Two Largest Stablecoins

USDT and USDC are stablecoins pegged one-to-one to the U.S. dollar, each backed by reserves covering every token in circulation. Tether’s USDT is the largest stablecoin with the deepest liquidity, while Circle’s USDC is the second-largest, emphasizing transparency through frequent audits and public trading.